Assistant Vice President / Special Assets Officer

Duties And Responsibilities

• Develop and execute workout strategies for substandard and non-performing loans
• Present recommendations to management, Executive Loan Committee, and Board
• Structure and negotiate loan modifications, credit enhancements, collateral support, and action plans to minimize risk and maximize recovery
• Monitor and manage assigned problem credit portfolio, ensuring compliance with workout terms and timely financial reporting
• Perform financial analysis, review collateral valuations, and take remedial action as necessary
• Oversee complex collections, including bankruptcies, deceased borrowers, collateral disposition, and exit strategies
• Lead development and implementation of special assets policies and procedures in collaboration with senior credit leadership
• Serve as primary liaison with borrowers, attorneys, auditors, and internal stakeholders regarding workout relationships
• Prepare and present regular problem loan reports and portfolio updates to senior management and internal credit committees

Requirements

• Bachelor’s degree or equivalent work experience in Business Administration, Finance, or Accounting
• 5+ years of progressive Retail, Real Estate, and Commercial Loan Workout experience in a regulated domestic bank setting

Qualifications

Full-time positions are eligible for full benefit package.

We are interested in every qualified candidate who is eligible to work in the United States. However, we are not able to provide sponsorship for visa status.

In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.

Western State Bank is an EEO and Affirmative Action Employer.

Member FDIC.